Eurozone membership

This item appears on page 68 of the July 2012 issue.
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Eight countries that applied to join the Eurozone and use the euro as their currency will have to wait. The European Central Bank reported in May that Bulgaria, the Czech Republic, Latvia, Lithuania, Hungary, Poland, Romania and Sweden have not yet met the criteria required to change their currencies. Each country will officially continue to use its national currency.

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Eight countries that applied to join the Eurozone and use the euro as their currency will have to wait. The European Central Bank reported in May that Bulgaria, the Czech Republic, Latvia, Lithuania, Hungary, Poland, Romania and Sweden have not yet met the criteria required to change their currencies. Each country will officially continue to use its national currency.